Medical Office with Private
134 E Peace Street, Canton, MS 39046
For Sale
New
$295,000
Commercial Sale, Canton, MS
Property Size2,000 SF
Lot Size0.23 Acres
Price / SF$147.50
Days on Market3
Property Features for 134 E Peace Street
General Information
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APN
Size
Lot size
Additional Details
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Condition
Taxes and HOA fees
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Legal Description
Building Details
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Floors in Building
Listing Agency:
JDJ Realty
(601) 707-5555
Listed By:
Jon-David Johnson · License #B17543
(601) 624-7288
Added: Nov 5
Changed: Nov 7
Last Checked: Nov 7 at 9:06PM
MLS# 4167622
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,000-square-foot medical office property dates to 1960 and occupies a 0.23-acre parcel. Its current use is medical office, with a layout also suited to professional, administrative, or general office functions. A private parking area is situated behind the building.
The property is at 134 E Peace Street in Canton, one parcel from Historic Canton Square and next to Renasant Bank.
The property is at 134 E Peace Street in Canton, one parcel from Historic Canton Square and next to Renasant Bank.
Key Highlights
- 2,000‑square‑foot medical office building on a 0.23‑acre parcel
- Currently configured for medical office use; also suited to professional, administrative, or general office functions
- Private parking area behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,843
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,860
$476.9K
Cap Rate 7%
$340,614
$340.6K
Cap Rate 9%
$264,922
$264.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$44.4K $22.20/SF
− Vacancy
−$4.7K −$2.33/SF
EGI
$39.7K $19.87/SF
− OpEx
−$15.9K −$7.95/SF
NOI
$23.8K $11.92/SF
Area
Madison County, MS
Vacancy
10.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,860
Cap Rate 7%
$340,614
Cap Rate 9%
$264,922
Alternative Uses
Best Use
Healthcare Medical
$340.6K
$298.0K – $397.4K
NOI $23,843 @ 7.0% cap · market cap 8.08%
Second Best
Office B
$303.9K
$265.9K – $354.5K
NOI $21,272 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$435.4K
$381.0K – $507.9K
NOI $30,476 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 39046, MS
27,866
Population
12,909
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
83%
High-School Grad
311.8 sq mi
ZIP Area
89
Density / Sq Mi
$48,288
Median Household Income
$33,879
Median Earnings
$879
Median Rent
$210,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The existing layout serves medical, professional, administrative, or general office functions.
Where is this medical office space located?
The property is located at 134 E Peace Street Canton, MS.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,000‑square‑foot medical office building on a 0.23‑acre parcel; Currently configured for medical office use; also suited to professional, administrative, or general office functions; Private parking area behind the building
